Industry News

US basic alloy market prices rise In January 2024, due to delays in the supply of foreign alloys due to difficulties in accessing the Panama Canal, U.S. manganese alloys and ferrosilicon showed an upward trend. But at the same time, s...
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European Electrolytic Manganese Flakes Market Is Slow. Due to the inactivity of most downstream customers, some suppliers have had to reduce prices to stimulate sales. Therefore, the current mainstream price for Electrolytic Manganese Flakes 99.7%min is $...
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Fastmarkets Asia Ferroalloy Conference 2024 We will be here at The Asian Alloys Conference in Hong Kong in February from the 26th to the 28th.Sincerely invite you to have a face-to-face meeting here!Hainan West Asia Import & Export Group Co., L...
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Short-term industrial silicon prices are expected to rise In 2024, with the steady improvement of aluminum alloy and silicone demand, industrial inventories are expected to fall to a low level, and the continuous release of just need will push up the price o...
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After Bhutan proposes a new proposal, the price of Indian ferrosilicon has risen Main influencing factors:Bhutan reports an increase in electricity pricesThe growing demand in EuropeAccording to a survey by Hainan West Asia Group, compared to the previous evaluation on January 1st...
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Market Review of Silicon Metal for this Week Supported by tight supply in the southern regions, the prices of Silicon Metal in the Chinese market showed a slight upward trend this week, but the market demand remained sluggish, leading to limited...
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China’s electrolytic manganese production decreases in December2023 In December 2023, China's electrolytic manganese output was 97,500 tons, a month-on-month decrease of 0.29% and a year-on-year increase of 12.11%. China's total electrolytic manganese output f...
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China: Ferrosilicon prices remain firm month-on-month, the market awaits new steel prices China's ferrosilicon prices remain unchanged, and the market is waiting for new price announcements from steel companies. The price range for ferrosilicon containing 72% silicon is RMB 6,610-6,810...
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Ferrovanadium prices rise during European holidays, while ferromolybdenum prices remain relatively stable Despite reduced demand, logistics difficulties have stimulated ferrovanadium sellers to increase prices, while the ferromolybdenum product market is more stable.The New Year holiday is traditionally t...
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Japan Market: Ferroalloy imports show different trends in November 2023 According to survey data from Hainan West Asia Group，Japan Ferroalloy imports show different trends in November 20231.In November 2023, imports of ferrosilicon increased by 22% month-on-month-In Novem...
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Chrome ore inventories at Chinese ports surge in two months Since 2021, due to the increase in China's ferrochrome production, the relationship between chromium ore supply and demand has been misaligned. China's chromium ore supply has continued to be...
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Germany's last remaining silicon metal producer faces bankruptcy threat Germany's only remaining silicon metal producer, Rottwerk (RW Silicium GmbH), is facing the threat of closing the plant at the end of March 2024. Heinz Schimmelbusch, head of the company's par...
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ELECTROLYTIC MANGANESE CHIPS MARKET WEEKLY REPORT The pace of factory resumption is slow, and firm quotations drive the supply and demand balance in the electrolytic manganese market, with transactions continuing to be stagnant. The pre-holiday stock...
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Ring In The New Year As this year wraps up, our thoughts turn gratefully to our employees,customers, and partners who make our success possible. Thank your support and trust for our company & our products in this unusual...
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Red Sea all bookings suspended! The freight rate has increased six times! Multiple shipping companies announce price increases! As the situation in the Red Sea continues to deteriorate, following the announcement by four major shipping giants, MSC, Maersk, CMA-CGM, and Hapag-Lloyd, that all their ships will be suspended from s...
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The EU imposes sanctions on Russian ferroalloy imports The EU has banned the import of Russian ferroalloys. The European Commission has passed the twelfth sanction against Russia, which includes a ban on the import of various steel production raw material...
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China's silicon metal price remains high in the short term Entering December, China's silicon metal market is supported by manufacturers' production cuts. For example, the current mainstream price of China's silicon metal 3-3-03 has risen by 200 y...
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China's molybdenum market continues stable ore and iron prices rise On December 14, China's molybdenum market continued to see stable ore and iron prices rise. Large-scale molybdenum mines exchanged price for volume, and the raw material market saw significant vol...
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China's import volume of Ferro Silicon Si 55% experienced a significant increase rising by 110.81% in Oct 2023 In October 2023, the top three import sources of Ferro Silicon (Si>55%) for China were North Korea, Russia, and Norway.The quantity of silicon iron (Si>55%) imported by China from its top three import...
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Magnesium market transaction needs to be followed up On November 30 (Thursday), it was learned from Hainan West Asia Group that the ex-factory cash transaction price of 99.9% magnesium ingots in Fugu area was 2909.40~2923.52USD/ton.This week, the market...
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